6. You made dinner reservations at a local restaurant on one of the conference nights. You reserved busses to transport participants to the restaurant at a total cost of $500. The transportation company agreed to bill you upon completion of the conference, and you have 30 days to pay the bill after receiving it. No deposit or advance payment was required. Participants will be responsible for paying for their own meals and beverages while at the restaurant. a. When should the expense for the transportation services be recorded on your organizations income statement? b. What is the effect on the financial statements (balance sheet and income statement) in November? In February?